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v3.25.1

INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets and liabilities | As of March 31, 2025 and March 31, 2024, deferred tax assets and liabilities of the Company were comprised of the following:
| Year ended March 31, 2025 |  | Year ended March 31, 2024
Deferred tax assets: |  |  |
Revaluation on trading securities | $ | — |  |  | $ | 454 |
Tax losses carryforward | 4,871 |  |  | 3,809 |
Deferred acquisition costs and insurance reserves | 6,669 |  |  | — |
Provision for impairment losses | 12,181 |  |  | 8,210 |
Deferred tax assets | $ | 23,721 |  |  | $ | 12,473 |
Deferred tax liabilities: |  |  |
Revaluation on trading securities | $ | 874 |  |  | $ | 1,447 |
Fixed and Intangible Assets | 4,425 |  |  | 7,535 |
Other liabilities | 1,038 |  |  | 335 |
Deferred tax liabilities | $ | 6,337 |  |  | $ | 9,317 |
Net deferred tax assets | $ | 17,446 |  |  | $ | 3,222 |
Net deferred tax liabilities | $ | 62 |  |  | $ | 66 |
Schedule of federal income taxes | The reconciliation of the amount computed by multiplying income before provision for income taxes at the 21% income tax rate compared to the Company's income tax expense as reported is as follows:
| Year ended March 31, 2025 |  | Year ended March 31, 2024 |  | Year ended March 31, 2023
Income before income tax at 21% | $ | 23,719 |  |  | $ | 91,428 |  |  | $ | 49,547 |
Global intangible low taxed income | 65,308 |  |  | 60,323 |  |  | 39,139 |
Stock based compensation | 10,597 |  |  | 4,601 |  |  | 2,039 |
Subpart F Income | 4,750 |  |  | 6,887 |  |  | 4,732 |
Permanent differences | 4,158 |  |  | 58,872 |  |  | 14,096 |
Top-up tax | 3,743 |  |  | — |  |  | — |
Foreign tax rate differential | (18,944) |  |  | (17,665) |  |  | (13,089) |
Foreign tax credit | (21,118) |  |  | (14,915) |  |  | (18,423) |
Nontaxable gains | (43,788) |  |  | (129,112) |  |  | (35,265) |
Income tax expense | $ | 28,425 |  |  | $ | 60,419 |  |  | $ | 42,776 |
Schedule of income tax expenses | As of March 31, 2025 and 2023, income tax expense was comprised of the following:
| Year ended March 31, 2025 |  | Year ended March 31, 2024 |  | Year ended March 31, 2023
Current income tax charge |  |  |  |  |
Federal | 4,054 |  |  | 34,623 |  |  | 22,387 |
Foreign | 44,341 |  |  | 24,573 |  |  | 21,406 |
| 48,395 |  |  | 59,196 |  |  | 43,793 |
Deferred income tax charge |  |  |  |  |
Federal | (12,715) |  |  | 3,695 |  |  | (2,606) |
Foreign | (7,255) |  |  | (2,472) |  |  | 1,589 |
| (19,970) |  |  | 1,223 |  |  | (1,017) |
Income tax expense | $ | 28,425 |  |  | $ | 60,419 |  |  | $ | 42,776 |
Schedule of Income before Income Tax, Domestic and Foreign | Income before income taxes includes the following components:
| Year ended March 31, 2025 |  | Year ended March 31, 2024 |  | Year ended March 31, 2023
United States | $ | (61,060) |  |  | $ | (66,053) |  |  | $ | (26,383) |
Foreign | 174,006 |  |  | 501,424 |  |  | 262,321 |
Net income before income tax | $ | 112,946 |  |  | $ | 435,371 |  |  | $ | 235,938 |

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- Definition Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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